Body Corporate
The pressure is on Body Corporate trustees to ensure that the unit owners’ best interests are met. In the event of a problem, customers need to know that the best possible cover is in place, and that their chosen company has a service that responds quickly and efficiently.
The pressure is on Body Corporate trustees to ensure that the unit owners’ best interests are met. In the event of a problem, customers need to know that the best possible cover is in place, and that their chosen company has a service that responds quickly and efficiently.
Body corporate and sectional title bodies have quite an onerous task: not only do they have to deal with the running of a complex, they must also provide protection for the assets of the people they represent as trustees.
Our product is designed for sectional title residential property governed by the Sectional Title Act No. 95 of
1986, which includes:
- Owners of sectional title units
- Trustees of sectional title units
- Managing agents of sectional title complexes and body corporates
- Home owners’ associations
- Property developers and development schemes
Body Corporates do not all require the same types of cover, so to accommodate this, we provide customers with a range of options to create customized cover that gives them exactly what they need.
Buildings and Common Property
Cover against physical loss or damage to buildings and common property and contents of the Body Corporate, including architectural features and structures, burst and leaking geysers, and swimming pools.
Legal Liability
Cover for claims for compensation or expenses which the Body Corporate becomes legally liable to pay in respect of personal injury or property damage that occurs as a result of an occurrence in connection with the ownership of the property.
Trustees Indemnity
Cover for trustees against claims arising out of any actual or alleged wrongful act(s) occurring in managing the affairs of the Body Corporate.
Fidelity Guarantee
Automatic cover of R50,000 provided with buy up options available to increase this cover in accordance with the requirements of Sectional Titles Schemes Management Act, 2011 (Act No. 8 of 2011), which came into effect on 7 October 2016.
Public Supply Connections
Cover for accidental damage to sewerage systems and electricity, water, gas, and telecommunication connections on the Sectional Title property.
Loss of Rent
Loss of rent receivable from property as a result of damage to property rendered uninhabitable, including owners’ alternative accommodation, prevention of access, and failure of supply of services by public utility.
We are committed to integrity and transparency, as well as the creation of long term partnerships based on trust and respect.
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